By Cristal Cody
Tupelo, Miss., May 24 – Xilinx, Inc. priced $750 million of 2.95% seven-year senior notes at 99.887 to yield 2.968%, according to a market source and an FWP filing with the Securities and Exchange Commission on Wednesday.
The notes (A3) priced with a spread of Treasuries plus 90 basis points, on the tight side of guidance.
J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc., Barclays and SMBC Nikko Securities America, Inc. were the bookrunners.
Proceeds will be used for general corporate purposes, which may include the refinancing of debt, including cash payments in connection with the conversion or maturity of the company’s 2.625% convertible senior notes due June 15, 2017.
Xilinx is a San Jose, Calif.-based technology company.
| Issuer: | Xilinx, Inc.
|
| Amount: | $750 million
|
| Description: | Senior notes
|
| Maturity: | June 1, 2024
|
| Bookrunners: | J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc., Barclays and SMBC Nikko Securities America, Inc.
|
| Coupon: | 2.95%
|
| Price: | 99.887
|
| Yield: | 2.968%
|
| Spread: | Treasuries plus 90 bps
|
| Call features: | Make-whole call before April 1, 2024 at greater of par or Treasuries plus 15 bps; par thereafter
|
| Change-of-control put: | 101%
|
| Trade date: | May 24
|
| Settlement date: | May 30
|
| Rating: | Moody’s: A3
|
| Distribution: | SEC registered
|
| Price guidance: | Treasuries plus 95 bps area, plus or minus 5 bps
|
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